π Volatility is your friend in option trading!
Yesterday I was down with flu symptoms π€, so while resting at home I spent quite some time watching financial channels on YouTube.
I decided to dig deeper into $Bloom Energy Corp(BE)$
π₯ https://www.youtube.com/watch?v=p6rjlXLDpcc
At 9:30 PM Singapore time, the US market opened πΊπΈ and I noticed that BE was actually the worst performing stock on my watchlist.
I thought: Why not? π
Before going to sleep, I sold two PUT options on BE and placed a buyback order at a lower price, hoping it would trigger overnight while I was sleeping. π΄
BE bounced back a little from the lows, but my buyback order didn't trigger.
Fast forward to todayβ¦ π
The market opened, and guess what?
BE was suddenly at the top of my list, recovering yesterday's losses. ππ₯
So I went back in and closed my PUT options for a nice profit. π°
One day. Good money. Sometimes we're lucky. π
And that's perfectly OK.
Not every trade needs to be a home run. Sometimes volatility creates an opportunity, you take the profit, and you simply celebrate the win. π₯π
Tomorrow is another day and another market. π
Cheers, and happy trading! π»π
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